Going forward, the ability of developers to show growth on a high base of FY22 sales, and management of a weak macroeconomic environment along with rising interest rates would be the key monitorables
At 02:27 PM: Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Auto and Nifty Auto index were down between 1.3 per cent and 2 per cent on the NSE.
40 per cent correction in Godrej Property should see a smart 11 per cent jump now, technical charts suggest
Infra related stocks can easily see a jump of 10 per cent in quick time
Robust sales traction in Q3 helped bring down high levels of inventory
The Nifty Realty index can rally towards 525-level.
Among individual stocks, Bajaj Finance, Mahindra & Mahindra Financial Services, ICICI Bank and State Bank of India (SBI) logged smart gains
Despite the over 10 per cent correction from its 52-week high, the BSE Realty index has outperformed the market by surging 57 per cent thus far in the calendar year 2021